GOAU

U.S. Global GO GOLD and Precious Metal Miners ETF

The U.S. Global GO GOLD and Precious Metal Miners ETF tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

60 bp

EXPENSES

$101.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorUS Global Investors
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 27, 2017
Assets (mns)$102
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SILVER WHEATON CORP 10.2 %
ROYAL GOLD INC 10.2 %
FRANCO-NEVADA CORP 10.0 %
B2GOLD CORP 4.3 %
DUNDEE PRECIOUS METALS INC 4.2 %
TRIPLE FLAG PRECIOUS METALS CORP. 3.9 %
SANDSTORM GOLD LTD 3.9 %
OSISKO GOLD ROYALTIES LTD 3.8 %
KINROSS GOLD CORP 3.4 %
OCEANAGOLD CORP 3.4 %
Constituent Breakdown
Number of holdings27
Herfindahl-Hirschman Index 520
Wgt avg mkt cap (mns)$7,521
Large cap (>$10bn)28.5%
Mid cap ($2-10bn)31.1%
Small cap (<$2bn)40.5%
Developed mkts.84.7%
Emerging mkts.15.4%
Country Exposure
CANADA 59.4 %
SOUTH AFRICA 12.7 %
AUSTRALIA 10.5 %
UNITED STATES 10.2 %
BRITAIN 4.2 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -8.9% -6.1% 4.4% -6.0% 3.8% -- 5.2%
Volatility 32.2% 31.2% 35.0% 33.7% 37.7% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8120%
MSCI EAFE1.0933%
MSCI Emg Mkts0.9928%
Liquidity Measures
Avg. volume (000)23
Turnover0.5%
Avg. Bid/Ask (% of price)0.52%
ADV of underlying (mns)$534
Technical Indicators
Recent close$20.55
30d moving avg.$20.00
Annualized volatility32.9%
Relative strength (RSI)51
Short interest (ETF)0.1%
Short interest (underlying)1.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: GOAU vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.9 10.9 1.4 2.1% --
Based on closing prices from 7/19/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GOAU



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GOAU

7.7%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.7%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. GOAU's ALTAR Score™ is approximately 0.8 standard deviations above the category average. This places GOAU in the 79th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
GOAU
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
GOAU (60 bp) Percentile rank 66
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GOAU 60.0 52.2 112.2
Peer Avg. 44.3 17.3 61.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .